Grigoli, Francesco; Mota, José M. - In: Latin American Economic Review 26 (2017) 1, pp. 1-25
A well-functioning monetary transmission mechanism is critical for monetary policy. As the Dominican Republic recently … adopted an inflation targeting regime, it is even more relevant to guarantee that changes in the monetary policy rates are … interest rate pass-through of the monetary policy rate to retail rates and explores asymmetries in the adjustment. We find …